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Sri Lanka’s proposed US$540 million deal with Clothespin Management and Development to build a hotel within the Colombo Port City, has expired unsigned in January 2026, the Director General of the Colombo Port City Economic Commission (CPCEC) told EconomyNext.
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The IMF held a special discussion with the officials of Sri Lanka’s State Revenue Administration Reform and Modernization Department and conducted a review process on the revenue reforms, the President’s Office said in a statement.
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Sri Lanka has asked rooftop solar owners contributing over 300 kw to the national grid to switch off during the upcoming long weekend, and said it will be rolling out a modem installation that will enable power utility to remotely do so in the future.
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Sri Lanka has sold all offered 240 billion rupees in 2030, 2033 and 2035 bonds, data from the public debt management office showed.
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Panicked importers had bought dollars at prices as high as 380 to 400 especially in the forward market in the recent period of uncertainty in the forex markets, Central Bank Governor Nandalal Weerasinghe said.
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Sri Lanka’s central bank has hiked rates 100 basis points to 8.75 percent, citing rising inflation, credit expansion and external pressures.
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Sri Lanka’s rupee was quoted at 322.00/323.50 to the US dollar in the spot market on Tuesday, stronger from 325.50/327.00 the previous day, dealers said, while bond yields were quoted higher following the rate hike.
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Sri Lanka’s services exports in April 2026 dropped by 6.13 percent to 317.16 million dollars, compared to the same period last year, the island’s Export Development Board said.
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Sri Lanka’s merchandise exports rose 9.87 percent to 1,063.77 million dollars in April 2026 from a year ago, driven by coconut-based products, rubber-based products, processed food and beverages, and electrical and electronic components, data from the export promotion office showed.
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Sri Lanka’s Colombo Stock Exchange was up during Monday intraday trading, with the All Share Price Index up 1.96 percent, CSE data showed.
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Sri Lanka’s largest superannuation fund, the Employees’ Provident Fund (EPF), has lower disclosure standards than listed firms, commercial banks, and unit trusts, a Colombo-based think tank said.
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Sri Lanka’s central bank has introduced a maximum LTV ratio of 70 per cent for credit facilities secured by gold, and tightened the maximum LTV ratios applicable to credit facilities granted for motor vehicles by 10 percentage points with effect from May 25.
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Sri Lanka’s rupee was quoted at 328.00/335.00 to the US dollar in the spot market on Monday, weaker from 329.00/331.00 on Friday, dealers said, while bond yields held firm on the back of news of a possible US-Iran deal.
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Sri Lanka has imposed US$27 million so far from the first 15 of the 19 coal shipments under term contract due to wrong specifications, Deputy Energy Minister Arkam Ilyas said.
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Sri Lanka’s rupee was quoted weaker at 323.75/324.25 to the US dollar in the spot market on Wednesday, from 323.70/90 the previous day, dealers said, while bond yields edged lower.
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Viet Nam is ready to share it experience in fostering investment and in sustainable agriculture with Sri Lanka, its President Tô Lâm, who is also the General Secretary of the Communist Party of Viet Nam, said in his address to parliament.
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There was no spot quote for the Sri Lanka rupee. The one-week forward was 321.60/90, dealers said, while bond yields were down.
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"We are exploring concrete initiatives, including the potential establishment of a Bank of Maldives presence here in Sri Lanka, and introducing premium Maldivian fisheries products to Sri Lankan market."
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Sri Lanka’s cabinet has approved a proposal to grant permanent appointments to nearly 9,800 employees currently working in the public sector on a temporary or contract basis, such as Dengue Prevention Assistants, minister Nalinda Jayatissa said.
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